Vedanta hit by iron ore mining halt in Goa

Having trouble viewing this email?  View online Asia News Digest Friday 9 February 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Vedanta hit by iron ore mining halt in Goa Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa. read » Ivanhoe boss said he'd pay higher taxes in Congo if it benefits locals Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties. read » Rio Tinto pays biggest divvy in history as profit hits three-year high Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls "resilient" commodity prices. read » Gold price: 9 straight years of record annual mine production New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China. read » Rio investors asked to push miner to leave Minerals Council of Australia Australasian Centre for Corporate Responsibility says it needs 100 shareholders to co-file resolution at Rio's upcoming annual general meeting. read » Rio Tinto rejects allegation it dodged $700 million in Oyu Tolgoi taxes Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates. read » These are top-10 global mining trends expected for 2018 Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year. read » Caterpillar beats estimates again, delivers bullish outlook for 2018 The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018. read » Rising mineral prices trigger artisanal and small-scale mining 'explosion' — report An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993. read » Rio Tinto bets big on Mongolia, opens local office The new unit, under Mongolian leadership, will focus on exploration and local ties. read » Force Majeure at Rio Tinto's Oyu Tolgoi mine due to border protests Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said. read » Rio's Oyu Tolgoi mine in Mongolia hit with $155 million tax bill Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015. read » These four factors will boost gold demand in 2018 — WGC Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said. read » Coal buyers spooked by Indonesia's new shipping rules Indonesian coal buyers holding back orders of fuel after government issued new shipping rules for coal and crude palm oil that restricts exports to vessels. read » China wealth fund said to join fray for $2bn Rio Tinto portfolio The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines. read » Asia Gold-India demand picks up after tax announcement Jewellers in India had delayed purchases earlier this week and offered gold at a discount anticipating a reduction in the tax in the country's annual budget on Thursday. read » Animation: human population growth over all of history Imagine that for every million people on Earth, there was a single dot on a map. What if we went back in time, watched dots accumulate over human history? read » Australia's Newcrest Q2 gold output down marginally, maintains 2018 guidance Newcrest Mining Ltd's second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter. read » The 'quite unusual' platinum to palladium ratio Focus on platinum-palladium prices and ratios over the past 48 years. read » Caution to investors looking to uranium Investor, Modern Energy Expert & Author of 'My Electrician Drives a Porsche?', Gianni Kovacevic cautions investors looking to uranium. read » World Copper Conference to be held in Santiago, Chile on April 9 to 11 CRU's 17th World Copper Conference is a premier copper conference that attracts over 500 delegates. read » Read more Asia news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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